
Two days ago, a beautiful Apogee condominium on the 11th floor (unit 1104) of the 22 stories high structure, sold for $6,000,000, only $800,000 below the asking price, or a discount of about 12%. In former times, a 12% discount would be pretty high, but not so in the presently depressed Miami real estate market.
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The Apogee condo was advertised as being located on the best line in the prestigious South Beach condominium building. A spacious 4,154 square feet of living space is divided into 4 bedrooms, and 5 bathrooms, with intoxicating views of Biscayne Bay, and Fisher Island in the distance. One of the finest features of this beautiful unit is a terrace, extending 11 feet beyond the apartment’s exterior wall, and measuring an ample 2,400 square feet. Not bad for a South Beach condo that just sold for $1,444 per square foot.
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